Politics

• Friday, July 11th 2014 - 01:45 UTC

  Mercosur summit on 29 July in Caracas, according to Venezuela and Paraguay

  

  The much delayed Mercosur summit will finally take place at the end of the month in Caracas, according to sources from Paraguay and Venezuela. During the last OAS meeting, Venezuelan Foreign minister Elias Jaua confirmed to his Paraguay peer Eladio Loizaga that the date is 29 July and that the consultation process has been completed.

• Friday, July 11th 2014 - 01:37 UTC

  Uruguay central bank admits inflation remains the main concern and pledges monetary contraction

  

  Uruguay's Central bank confirmed that inflation remains the leading challenge and ratified the current monetary contractive policy with the M1 money supply index converging to 8% from its current 10.4%, in a 'not too distant horizon'.

• Thursday, July 10th 2014 - 21:48 UTC

  Fed will end asset purchases in October, but no decision yet on interest rates

  

  The Federal Reserve has begun detailing how it plans to ease the US economy out of an era of loose monetary policy, indicating it will end its asset purchases in October and appearing near agreement on a plan to manage interest rates in the future, according to minutes of the last Fed policy meeting.

• Wednesday, July 9th 2014 - 08:21 UTC

  Kicillof blasts holdouts: “they never negotiated or lent money to Argentina”

  

  Argentine Economy minister Axel Kicillof responded fiercely to criticisms directed at him and the Argentine government by Elliott Management portfolio manager Jay Newman, reminding the representative of the holdout investors that they have never lent a cent to Argentina.

• Wednesday, July 9th 2014 - 08:14 UTC

  Mediator Pollack will receive Argentine delegation Friday in follow up meeting

  

  Argentina confirmed on Tuesday that the delegation headed by Economy Minister Axel Kicillof will continue talks with mediation Daniel Pollack, next Friday in New York, a 'follow up' of Monday's first appointment.

• Wednesday, July 9th 2014 - 08:04 UTC

  Gibraltar with port fee and re-fuelling discounts to attract cruise business

  

  Neil Costa, Gibraltar Minister for Tourism, Commercial Affairs, Public Transport and the Port, has welcomed the introduction of new port fee discounts and said they will further enhance the competitiveness of the Port of Gibraltar.

• Wednesday, July 9th 2014 - 08:00 UTC

  Kerry wishes the Argentine team 'good luck' in the World Cup

  

  US Secretary of State John Kerry congratulated the people of Argentina on the country’s Independence Day on July 9 and wished the national team good luck in Brazil’s World Cup.

• Wednesday, July 9th 2014 - 07:35 UTC

  Clean-up process and 'zero tolerance' in Vatican bank plummets profits

  

  The Vatican bank has blocked the accounts of more than 2,000 clients and ended some 3,000 “customer relationships” as part of a clean-up process that nearly wiped out its profit, its 2013 financial statement showed on Tuesday.

• Wednesday, July 9th 2014 - 07:32 UTC

  Venezuela knocks on the door of international banks and promises to respect debt payments

  

  After slamming international banks for more than a decade, the Venezuelan government met with investment bankers to try to change the perception of risk associated to the country and prepare the scenario for upcoming economic measures.

• Wednesday, July 9th 2014 - 07:16 UTC

  Brazil's KO becomes open question for Dilma's re-election and social unrest

  

  Brazilians cried, cursed their president and covered their faces in shame after their beloved football team's humiliating 7-1 thrashing by Germany in the World Cup semi-finals Tuesday. President Dilma Rousseff twitted how sad she was with defeat but called on Brazilians “we won't let ourselves stay down”.